1997-006il
RESOLUTION NO. 97-06
A RESOLUTION approving and authorizing publication
of notice of intention to issue certificates
of obligation.
WHEREAS, the City Council of the City of Southlake, Texas, has
determined that certificates of obligation should be issued under
and pursuant to the provisions of V.T.C.A., Local Government Code,
Subchapter C of Chapter 271 (the "Act"), for the purposes of paying
contractual obligations to be incurred for (a) the construction of
i) improvements and extensions to water and sewer facilities,
including the acquisition of land therefor, (ii) street and
drainage improvements, (iii) improvements to municipal buildings,
including the city hall complex and the public works building, (b)
the purchase of materials, equipment and machinery for various city
departments, including the public works, parks and recreation and
public safety departments and computers for city departments, and
c) professional services rendered in relation to such projects and
the financing thereof; and
WHEREAS, prior to the issuance of such certificates, the City
Council is required to publish notice of its intention to issue the
same in accordance with the provisions of the Act; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE,
TEXAS:
SECTION 1: The City Secretary is hereby authorized and
directed to cause notice to be published of the Council's intention
to issue certificates of obligation during a meeting scheduled to
begin at 7:00 P.M. on the 18th day of February, 1997, which
certificates of obligation shall be issued in a principal amount
not to exceed $9,670,000 for the purposes of paying contractual
obligations to be incurred for (a) the construction of (i)
improvements and extensions to water and sewer facilities,
including the acquisition of land therefor, (ii) street and
drainage improvements, (iii) improvements to municipal buildings,
including the city hall complex and the public works building, (b)
the purchase of materials, equipment and machinery for various city
departments, including the public works, parks and recreation and
public safety departments and computers for city departments, and
c) professional services rendered in relation to such projects and
the financing thereof. Such certificates of obligation shall
payable from ad valorem taxes and a limited pledge of the net
revenues derived from the operation of the City's combined
Waterworks and Sewer System. The notice hereby approved and
authorized to be published shall read substantially in the form and
content of Exhibit A hereto attached and incorporated herein by
reference as a part of this resolution for all purposes.
0393119
SECTION 2: The City Secretary shall cause the aforesaid
notice to be published in a newspaper of general circulation in the
City, once a week for two consecutive weeks, the date of the first
publication to be at least fifteen (15) days prior to the date
stated therein for the second reading and final adoption of the
ordinance authorizing the issuance of the certificates of
obligation.
PASSED AND ADOPTED, this January 21, 1997.
Mayor, City o f--SSuthlake, Texas
ATTEST:
Atyyecretary, City of
Southlake, Texas
0395119 _
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EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
SOUTHLAKE, TEXAS CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Southlake,
Texas, shall convene at 7:00 o'clock P.M. on the 18th day of
February, 1997, at its regular meeting place in the City Hall, 667
N. Carroll Avenue, Southlake, Texas, and, during such meeting, the
City Council will consider the second reading and final adoption of
an ordinance authorizing the issuance of certificates of obligation
in an amount not to exceed $9,670,000 for the purposes of paying
contractual obligations to be incurred for (a) the construction of
i) improvements and extensions to water and sewer facilities,
including the acquisition of land therefor, (ii) street and
drainage improvements, (iii) improvements to municipal buildings,
including the city hall complex and the public works building, (b)
the purchase of materials, equipment and machinery for various city
departments, including the public works, parks and recreation and
public safety departments and computers for city departments, and
c) professional services rendered in relation to such projects and
the financing thereof. Such certificates shall be payable from ad
valorem taxes and a limited pledge of the net revenues of the
City's combined Waterworks and Sewer System. The certificates are
to be issued, and this notice is given, under and pursuant to the
provisions of V.T.C.A., Local Government Code, Subchapter C of
Chapter 271.
Sandra LeGrand
City Secretary, City of
Southlake, Texas
0395080